Emirates Driving Co PJSC (ADX:DRIVE) Effective Interest Rate on Debt % : 6.54% (As of Sep. 2023)

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What is Emirates Driving Co PJSC Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Emirates Driving Co PJSC's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was د.إ2.7 Mil. Emirates Driving Co PJSC's average total debt for the quarter that ended in Sep. 2023 was د.إ41.9 Mil. Therefore, Emirates Driving Co PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 6.54%.

Emirates Driving Co PJSC Effective Interest Rate on Debt % Historical Data

The historical data trend for Emirates Driving Co PJSC's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Emirates Driving Co PJSC Effective Interest Rate on Debt % Chart

Emirates Driving Co PJSC Annual Data

Trend

Dec12

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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6.93

7.25

6.99

7.00

Emirates Driving Co PJSC Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.25	7.12	7.20	7.39	6.54

Competitive Comparison of Emirates Driving Co PJSC's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, Emirates Driving Co PJSC's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Emirates Driving Co PJSC's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Emirates Driving Co PJSC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Emirates Driving Co PJSC's Effective Interest Rate on Debt % falls into.

Emirates Driving Co PJSC Effective Interest Rate on Debt % Calculation

Emirates Driving Co PJSC's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -2.949	/	( (42.481	+	41.731)	/ 2 )
=	-1 * -2.949	/	42.106
=	7.00 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	39.33	+	3.151
=	42.481

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.58	+	3.151
=	41.731

Emirates Driving Co PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -2.744	/	( (39.725	+	44.145)	/ 2 )
=	-1 * -2.744	/	41.935
=	6.54 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.574	+	3.151
=	39.725

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40.489	+	3.656
=	44.145

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Emirates Driving Co PJSC (ADX:DRIVE) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Emirates Driving Co PJSC Effective Interest Rate on Debt % Related Terms

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Emirates Driving Co PJSC (ADX:DRIVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Emirates Driving Co PJSC (ADX:DRIVE) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Street no. 17 Mussaffah Industrial Area, Abu Dhabi, ARE

Website

https://www.edcad.ae

Emirates Driving Co PJSC is the driver's training and road safety institute in Abu Dhabi. The company and its subsidiaries are engaged in the management and development of motor vehicle driving training and services. The company offers these services to the national and expatriates living in the country. The firm generates its revenue from training and testing services.

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